BPO Services
Procure to Pay Services
Procure to Pay services – an efficient Procure to Pay process helps your organization better manage your working capital and cash flow, develop strong vendor relationships, save cost and comply with regulatory policies. Our services encompass the entire Procure to Pay services
- Sourcing – Vendor Management, Contract Management, Purchasing, Catalogue Management, Data Management and PO Processing & Helpdesk
- Invoice Processing – E-invoicing, Refund Claims, Disbursements, Discounting, Month-end Accruals and Taxation, Vendor Helpdesk
- Reporting – Analytics on desired parameters like revenue generated, month-end accruals & cost savings; Regulatory Compliance
Order to Cash
Order to Cash –a fast and efficient order to Cash or Accounts Receivables cycle ensures a high cash flow for a company. Phonicle Synergies is a high-quality Accounts Receivable outsourcing services provider that ensures your company’s invoices are processed quickly and payments are received fast.
- Order Management – Order entry, release & tracking, Distribution Coordination, Inventory Management, Customer Database Management
- Credit Control and Invoicing – Credit Appraisal and Credit Limit Management, Billing & Invoice Adjustments, Discounts
- Accounts Receivable and Collections – Payment follow-ups; Collection processing, reconciliation, bad debts management (including legal handling), Loyalty Program Management, Bank Liaison
- Reporting & Analysis – Budgeting and Planning (Revenue, sales volume and profit forecasts), Month-end Reporting (Analysis of customer and sales trends)
Record to Report
Record to Report – a crucial focus area for CFOs is to digitize the finance function, streamline & simplify processes and establish benchmarks for better compliance with regulations. As a specialist in F&A services provider, we adhere to GAAP (Generally Accepted Accounting Principles) and other applicable accounting standards. We ensure that the results delivered to your business are accurate, transparent and cover a wide spectrum of services:
- General Ledger Accounting – Journal and Adjustments Entries, Period End Accrual Entries, Reconciliations
- Fixed Assets – Recording of additions, disposals, sales, and transfers; Review Work-in-progress; Depreciation Run and Posting
- Period Closing & Reporting – Reconcile and Close Sub-ledgers, Review Accruals, Tally Inter-company ledgers, Release Periodic Income Statements and Balance Sheet, Statutory Reporting; Income Tax Filings, Handling Compliances, and Accounting
- Treasury – Bank Reconciliations, Debt Management and Reporting
CFO Services
CFO Services – hiring a high salaried CFO is not feasible for the majority of organizations looking to manage their F&A services cost-effectively. The CFO services offered by Phonicle Synergies allow its clients to gain having a Chief Financial Officer along with a 30-50% reduction in cost and complete data security. We understand your organization’s strategic business needs to chalk out the financial strategy, propelling your business to newer heights. Outsourced CFO professional services by Phonicle Synergies cover all the Financial Management services a CFO offers which include Budgets & Forecasting, Financial Analysis & Modeling, Cash Flow Management, KPI (Key Performance Indicators) Analysis, working with different Professionals (CPA, Banker, Attorney), etc
Mortgage Process Outsourcing Services
Mortgage Process outsourcing services – Mortgage loan processing is resource-intensive and outsourcing this task to a mortgage loan processing company like Phonicle Synergies results in considerable savings in operational costs and resources as well as a shortened turnaround time. Our highly skilled professionals help you make informed decisions pertaining to the mortgage loan application process from order appraisals to loan closing. Our services portfolio includes services pertaining to Business acquisitions, Appraisal title checks, Underwriting disbursements, Collection services and more
Accounting and Bookkeeping Services
Accounting and Bookkeeping Services – Phonicle Synergies’s team of experienced financial teams works as a virtual back-office to your business, to deliver essential accounting and bookkeeping services. Most popular bookkeeping software like SAGE, MS-Small Business Accounting, Quick Books and other spreadsheets are used as part of our services. Phonicle Synergies is an ISO 27001 certified F&A outsourcing company that adheres to GAAP. This ensures high-quality output and stringent security protocols to safeguard all the information of our clients. Our level 1 services include Accounting Setup, Income Statements, Balance Sheet creation, Cash Flow/Budgeting, Preparing Financial Statements & Reports, Preparing closing entries, Monthly, Quarterly, Year-End Review, Management Reporting, Variance Analysis & Recommendations Our level 2 services are as follows: Accounts Payable Management, Accounts Receivable Management, Bank Reconciliations, General Ledger Reconciliation, Inventory Management, Revenue Reconciliation with Bank Deposits, etc
Insurance Claims Processing Outsourcing Services
Insurance Claims Processing Outsourcing Services – while the insurance industry faces a stiff challenge from competition and market uncertainties, outsourcing the cumbersome process of claims management is helping them stay focused on more key aspects of their business. Phonicle Synergies’s high-quality insurance claims processing services allow multiple claims to be handled efficiently in minimal time, least cost and with high accuracy. We process diverse claims falling under health, life and general insurance categories. Our team evaluates claims for their authenticity, reviews the claim amount and sends the processed claims back to the client for settlement. Our professionals are trained and vigilant in recognizing fraudulent claims, thereby saving clients from losing money in any false claims.
Financial Analysis and Financial Reporting Services
Financial Analysis and Financial Reporting Services – Phonicle Synergies’s team of qualified financial analysis and reporting personnel can prepare yearly or periodic financial statements for your business, as well as advise you on how to improve cash flow and income based on these reports. These services comprise audit, review and compilation of financial statements to provide a clear picture of the financial status of your business on any particular date. Our team is well-versed in IFRS and US GAAP reporting standards and strictly adheres to laws applicable to different geographical locations. More specifically, our services expand to include:
- Revenue Management and Recovery – through our outbound call centre service
- General Ledger Accounting – Ledger Accounting, Processing of Payroll Journals, Period-end Closure of Books, Processing of Stock Movement and Adjustment Journals, Ledger Reconciliations, Processing of Lease, Mergers and Acquisitions, etc
- Accounts Reconciliation Services – we make sure that your bank statements comply with internal bookkeeping and accounting records. Our accounts reconciliation services include – Customized account reconciliation, Accounts receivable reconciliation, Accounts payable reconciliation, Clean report generation, Accurate bank reconciliation services and General ledger maintenance, Credit card reconciliation, etc
- Cash Flow Management Services – through the accurate budget and business planning, Phonicle Synergies can help you determine your cash flow with accuracy
Why Us ?
Experienced & Qualified Staff
We are a team of well-qualified professionals who got together just to serve your business well.
24/7 Customer Support
We know your business works all day, and everyday, to make it happen; we ensure complete support from our end.
Foreign Language Service
We know multinational clients can help your business grow, that is why we assist you with foreign languages.
Ready to drive customer engagement and sales?
We’d love to answer any questions you may have. Contact us and discuss your business objectives & we will let you know how we can help along.
